1MDB gatecrashes party for new Malaysian sukuk

Federation of Malaysia returns to the international bond markets as state-owned fund, 1MDB, faces looming cross-default across its $11 billion outstanding debt.
1MDB: parties often end with a hangover
1MDB: parties often end with a hangover

The Federation of Malaysia returned to the international bond markets on Wednesday with a $1.5 billion wakala sukuk whose success will almost certainly be overshadowed by the gathering storm engulfing state-owned 1Malaysia Development Berhad (1MDB). 

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